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RBI comes to rescue of rupee
The rupee on Tuesday breached the psychologically crucial 54-level against the US currency but recouped losses to end higher at 53.79 on “huge” dollar selling after RBI intervened in the forex market to prop up the local unit.
The rupee,...
India to cut crude oil import from Iran
India on Tuesday has decided to cut crude oil import from Iran by over 11 percent this fiscal to 15.5 million tons, India currently imports crude oil from over 30 countries.
India, which imports 80 percent of its crude oil and relies on Tehran...
Milk and vegetable prices shoot up
Inflation moved up to 7.23 percent in April on account of spurt in prices of vegetables, meat, milk and pulses, although onion and fruits showed a declining trend.
Inflation, as measured by the Wholesale Price Index (WPI), was 6.89 percent in...
NCR launches Total Premise Services
Information Technology company NCR Corporation (NYSE: NCR) on Wednesday introduced Total Premise Services to help branch, retail store and airport operators simplify the management and operation of all equipment through a single point-of-contact,...
Fall out of Morgan on banking sector
JPMorgan Chase & Co lost $15 billion in market value and a notch in its credit ratings on Friday while a chorus of regulators and politicians reacted to its surprise $2 billion trading loss by demanding stiffer oversight for the banking...
Silver, Gold rise
The precious metals moved up at the domestic bullion market today, with Silver surging by Rs 440 per kg to Rs 54,130 and Gold rose marginally by Rs 15 per ten gm to Rs 28,400 following good demand from local dealers, traders at the Bombay Bullion...
Sensex, Nifty show weekly loss over 3 pc on selling
Persistent selling pressure in view of rising inflation and contraction in industrial production data pulled Sensex down by hefty 538 points to a near 4-month low of 16,298.98 in spite of fair amendments made by the Finance Minister in finance...
NCR launches Total Premise Services
Information Technology company NCR Corporation (NYSE: NCR) on Wednesday introduced Total Premise Services to help branch, retail store and airport operators simplify the management and operation of all equipment through a single point-of-contact,...
Kingfisher Airlines is no longer a subsidiary: UB Holdings
Vijay Mallya-led UB group’s United Breweries (Holdings) Ltd today said Kingfisher Airlines has ceased to be its subsidiary, but it had a significant exposure of over Rs 12,000 crore to the air carrier.
Announcing its financial results...
IIP disappointing; weak global sentiments hindering recovery: FM
Expressing unhappiness over the contraction in industrial output numbers, Finance Minister Pranab Mukherjee said slowdown in global demand and investment activity has impacted IIP.
“The IIP figures are disappointing… Continued weak...
